Hugo Boss (OTCMKTS:BOSSY) Shares Gap Down – What’s Next?

Hugo Boss (OTCMKTS:BOSSY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $8.78, but opened at $8.31. Hugo Boss shares last traded at $8.31, with a volume of 1,592 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BOSSY. Kepler Capital Markets upgraded Hugo Boss to a “hold” rating in a research report on Monday, December 8th. Royal Bank Of Canada cut Hugo Boss from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Hugo Boss Trading Down 5.4%

The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 10.01 and a beta of 0.62. The stock has a fifty day moving average price of $8.59 and a 200-day moving average price of $8.84.

Hugo Boss (OTCMKTS:BOSSY) last announced its quarterly earnings results on Tuesday, March 10th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Hugo Boss had a return on equity of 17.88% and a net margin of 5.92%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.20 billion. On average, equities analysts expect that Hugo Boss will post 0.63 EPS for the current year.

About Hugo Boss

Hugo Boss AG is a German luxury fashion group that designs, produces and distributes a broad range of apparel, accessories and footwear under its two core brands, BOSS and HUGO. The company’s product portfolio spans men’s and women’s business wear, casual collections and athleisure, as well as fragrances, eyewear and leather goods. Hugo Boss operates through a multi-channel network that includes directly operated retail stores, e-commerce platforms and wholesale partnerships with department stores and specialty retailers.

Founded in 1924 by Hugo Ferdinand Boss and headquartered in Metzingen, Germany, the company originally produced workwear and uniforms before pivoting to high-end fashion in the latter half of the 20th century.